1 August 2022 false No description of principal activity Taxfiler 2023.14 10287844business:PrivateLimitedCompanyLtd2022-08-012023-07-31 102878442022-07-31 102878442022-08-012023-07-31 10287844business:AuditExemptWithAccountantsReport2022-08-012023-07-31 10287844business:FilletedAccounts2022-08-012023-07-31 102878442023-07-31 10287844business:Director12022-08-012023-07-31 10287844business:RegisteredOffice2022-08-012023-07-31 102878442022-07-31 10287844core:WithinOneYear2023-07-31 10287844core:WithinOneYear2022-07-31 10287844core:AfterOneYear2023-07-31 10287844core:AfterOneYear2022-07-31 10287844core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 10287844core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 10287844core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 10287844core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 10287844core:PreviouslyStatedAmount2023-07-31 10287844core:PreviouslyStatedAmount2022-07-31 10287844business:SmallEntities2022-08-012023-07-31 10287844countries:EnglandWales2022-08-012023-07-31 10287844core:PlantMachinery2022-08-012023-07-31 10287844core:MotorVehicles2022-08-012023-07-31 10287844core:IntangibleAssetsOtherThanGoodwill2022-07-31 10287844core:IntangibleAssetsOtherThanGoodwill2023-07-31 10287844core:MotorVehicles2022-07-31 10287844core:MotorVehicles2023-07-31 10287844business:OrdinaryShareClass12022-08-012023-07-31 10287844business:OrdinaryShareClass12021-08-012022-07-31 102878442021-08-012022-07-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 10287844 (England and Wales)
Principle Homes Limited Unaudited accounts for the year ended 31 July 2023
Principle Homes Limited Unaudited accounts Contents
Page
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Principle Homes Limited Company Information for the year ended 31 July 2023
Director
Mr Blake Lord
Company Number
10287844 (England and Wales)
Registered Office
20 Old Kiln Lane Heaton Bolton BL1 5PD
Accountants
J F Balshaw & Co 20 Old Kiln Lane Heaton Bolton Lancashire BL1 5PD
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Principle Homes Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
210 
Creditors: amounts falling due within one year
(300)
(4,677)
Net current liabilities
(300)
(4,677)
Total assets less current liabilities
(300)
(4,467)
Creditors: amounts falling due after more than one year
- 
(46,115)
Net liabilities
(300)
(50,582)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(302)
(50,584)
Shareholders' funds
(300)
(50,582)
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 March 2024 and were signed on its behalf by
Mr Blake Lord Director Company Registration No. 10287844
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Principle Homes Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Principle Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 10287844. The registered office is 20 Old Kiln Lane, Heaton, Bolton, BL1 5PD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 August 2022
131,410 
At 31 July 2023
131,410 
Amortisation
At 1 August 2022
131,410 
At 31 July 2023
131,410 
Net book value
At 31 July 2023
- 
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Principle Homes Limited Notes to the Accounts for the year ended 31 July 2023
5
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 August 2022
800 
Disposals
(800)
At 31 July 2023
- 
Depreciation
At 1 August 2022
590 
On disposals
(590)
At 31 July 2023
- 
Net book value
At 31 July 2023
- 
At 31 July 2022
210 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
4,167 
Loans from directors
300 
- 
Accruals
- 
510 
300 
4,677 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
46,115 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Transactions with related parties
A loan of £101,812 (2019 £96,618) is owed to the director, Mr B Lord and a loan of £70,525 (2019 £68,760) is owed to Wood Village Limited, which owns 50% of the share capital in Principle Homes Limited. Both loans are repayable on demand.
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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